Are We The new Educators For Gen Y as Realtors?

Real Estate Agent with Keller Williams Realty

I saw an article on MSN this week end and it was an arcticle about Generation Y and how they are the most educated generation and yet they are also the generation that is broke. The arcticle stated that 85% of Gen Y has a high school education and 27% has a college degree, yet they are also called the boomerang generation because alot of them are having to move back home with mom and dad.

This generation relies on technology and plastic.  They think they can just swipe a card and they are done. They can not connect that you swipe the card and the checking account will be debited.  They think  "The next big technology is around the corner that will save them."   Alot of them have no economic education.

As realtors do we need to help educate this generation on finances?  Is this our responsibility? Maybe it should be to help this generation to become the financial stability in our housing market.






Comments (3)

Dean Moss
Dean's Team - Keller Williams Realty Partners Chicago IL - Chicago, IL
Dean's Team Chicago IL Real Estate Team

Terry -

It is our responsibility to advise them as far as investing in RE is concerned.  Everything else is up to their parents, not us.

There is a big change in GEN Y and GEN X, brought on by the easy-money, easy-credit attitude.  Us Boomers look at things a bit differently, I guess.

And those younger think we're crazy!

Come to think of it, didn't we think OUR PARENTS were crazy, too?  Rent until you're nearly 40, and then buy the house you end up living in for the rest of your life!

Man, times have changed - and some of the stuff is good!

Call or write anytime!


Apr 28, 2008 01:23 AM
Jeremy Blanton
Myrtle Beach Homes Blog - Myrtle Beach, SC
Myrtle Beach REALTOR®-
Being close to the Gen Y generation, I have noticed that part of the problem is that nobody has educated them. Instead, the parents have just fed all their needs and not implemented and core values.
Apr 28, 2008 01:28 AM
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

We invite you back to ActiveRain in 2016!

    Much has changed since your last visit to ActiveRain.  I encourage you to take another look at the website. 

    Surf some blogs, leave some comments.  Better yet, post a Blog.

    Best to you!

Mar 10, 2016 01:12 PM